Thursday, May 28, 2009

Real Estate Myth 16

This is a continuation of a series of posts inspired by a conversation with an acquaintance who revealed a good deal of ignorance about the real estate profession. Because I think an educated market benefits everyone, I intend to debunk as many myths as possible. I hope you find this information useful. Please feel free to comment!


Myth #16 - You can’t buy a home today with less than 20 percent down.


Fact - FHA loans require only 3.5 percent down, and you can even ask the seller to pay the closing costs.

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